Qurate Retail, Inc. (QRTEA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenue:
Total revenue, net	12,106	14,044	14,177	13,458	14,070	10,404	10,647	9,989
Total revenue, net growth	-13.8%	-0.9%	5.3%	-4.3%	35.2%	-2.3%	6.6%	-4.9%
Type of revenue
Operating costs and expenses:

Type of cost of retail sales
Operating expense	835	875	867	844	970	659	707	699
Selling, general and administrative, including stock-based compensation (note 2)	1,945	1,930	1,885	1,758	1,897	1,188	1,190	1,078
Depreciation and amortization	481	537	562	606	637	725	874	703
Total operating costs and expenses	14,147	12,957	12,605	13,274	12,746	9,361	9,679	8,873
Operating income (loss)	-2,041	1,087	1,572	184	1,324	1,043	968	1,116
Operating margin	-16.9%	7.7%	11.1%	1.4%	9.4%	10.0%	9.1%	11.2%

Other income (expense):
Interest expense	-456.0	-468.0	-408.0	-374.0	-381.0	-355.0	-363.0	-360.0
Realized and unrealized gains (losses) on financial instruments, net (note 4)	41	99	-110	-251	76	145	414
Loss on disposition of Zulily, net		10	224	-1	1	410	9	110
Gain (loss) on extinguishment of debt
Other, net	70	-6	-32	6	-7	7	131	14
Total other income (expense)	-267	-449	-521	-806	-441	7	254	-300
Earnings (loss) before income taxes	-2,308	638	1,051	-622	883	1,050	1,091	816
Income tax (expense) benefit	-224.0	-217.0	203.0	217.0	-60.0	985.0	-316.0	-185.0
Net earnings (loss)	-2,532	421	1,254	-405	964	2,487	1,274	911
Less net earnings (loss) attributable to the noncontrolling interests	62	81	58	51	48	46	39	42
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders	-2,594	340	1,196	-456	916	2,441	1,235	869

Earnings (Loss) Per Common Share
Basic net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3):	($6.83)	$0.84	$2.88	($1.08)